West Texas Lock Storage Portfolio – Big Spring & Midland, Texas

Property Location

Big Spring and Midland, Texas

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investment highlights – Big Spring Lock Storage

  • 93,696 NRSF – 497 UNITS
  • PERMIAN BASIN OIL CAPITAL OF AMERICA // Three Mile Average Household Income +/- $70,000
  • TWO LOCATIONS FM 700 & EAST 4TH STREET // Traffic Counts +/- 7,000 at Each Store
  • VERY MINIMAL CONCESSIONS // 89 Percent Physical Occupancy – 88 Percent Economic Occupancy
  • EXCELLENT FEATURES // Amenities Such as Roll Up Doors, Asphalt Drives, a Security Gate with Keycode Access and an On-Site Managers Office
  • LOCAL EMPLOYMENT DRIVERS // Within one-mile of Howard College & Big Spring is County Seat of Howard County

investment highlights – Midland Lock Storage

  • 70,602 NRSF – 426 UNITS
  • PERMIAN BASIN // “OIL CAPITAL OF AMERICA”
  • OTHER ECONOMIC DRIVERS // County Seat of Midland County, six Miles from Midland International Air & Space Port (MAF)
  • QUALITY DEMOGRAPHICS // Three-Mile Population // 74,031 | Three-Mile Average Household Income // $94,733
  • ASSET PROXIMITY // Two properties are three quarters of a mile apart about one and a half miles from downtown Midland
  • OPPORTUNITY // Upside in Increasing Economic Occupancy
  • EXCELLENT AMENITIES // Roll Up Doors, Asphalt Driveways, a Security Gate with Keycode Access at the Industrial Avenue Location and an On-Site Managers Offices at Both Locations

Broker Information

Dave Knobler

Senior Managing Director

Phone: 713.452.4293
Email: dknobler@marcusmillichap.com
License: TX 606252

Jordan Farrer

Senior Associate

Phone: 801.736.2643
Email: jfarrer@marcusmillichap.com
License: UT 9220604-SA00

Charles "Chico" LeClaire

Executive Managing Director

Phone: 303.328.2025
Email: cleclaire@marcusmillichap.com
License: CO EA00147681

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